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Apr 19, 2021

A-tisket, a-tasket, a custom ETF basket—passive, active & semi-transparent

In September 2019, the Securities and Exchange Commission (SEC) approved Rule 6c-11 under the 1940 Act, which will allow most exchange-traded funds (ETFs) to operate without the expense and delay of obtaining an exemptive order. The new rule provides greater flexibility to all issuers looking to launch new products filed as open-end funds in a streamlined approval process with a quicker time to come to the market. The new rule applies to both index-based and actively managed transparent ETFs. This rule cannot be applied to leveraged/inverse ETFs, unit investment trusts, master-feeder funds or share class ETFs.  

Dec 30, 2020

Top blog posts of 2020: The year in review

2020 has been memorable, to say the least. As we reflect on all we have learned over the past 12 months, we invite you to read some of our most popular blog entries, presented here in chronological order.

Jul 13, 2020

Evolving & ever-changing ETFs – an AP’s perspective: the in-flows and out-flows of ETFs with Dave Nadig

Despite COVID-19 and unrest around the globe, this year has finally seen semi-transparent active ETF launches from American Century’s ActiveShares to Fidelity’s Active ETFs. Although there is uncertainty of what each day, week or month will look like in the new normal, one thing is for sure, the interest for gaining more knowledge about semi-transparent active ETFs is growing. Following the SS&C ALPS webinar on the subject, we sat down with ETF Trends’, Director of Research, Dave Nadig, to get an authorized participants’ (AP) perspective around the flows for these new models.

Jul 7, 2020

Evolving & ever-changing ETFs—considerations from an asset manager’s point of view

Asset managers are fortunate to have a number of fund structures to choose from to launch their various strategies, either within active or passive constructs. As ETFs have gained in popularity with investors for their low cost, tax-efficient, transparent and tradeable structures, asset managers have increasingly concentrated on the ETF wrapper for their new product launches. While the basic blocking and tackling of ETF management is very similar to other fund structures, managing a product that simultaneously trades on a listed exchange presents many new challenges for asset managers that may require additional expertise.

Apr 9, 2020

Shielded Alpha℠: One-on-One with Blue Tractor Group

Simon Goulet and Terence Norman, co-founders of Blue Tractor Group, recently discussed with SS&C ALPS the challenges and opportunities of the Shielded Alpha℠ ETF wrapper. Blue Tractor’s Shield Alpha℠ was one of four semi-transparent models approved by the SEC late in 2019.

Mar 3, 2020

ActiveShares®: Fireside Q&A with Precidian Investments

As one of the first firms to the receive SEC approval, Precidian Investments ActiveShares® is on track to be the first to market with licensee American Century Investments (ACI).  Recently, we engaged two of the founding principals, Stuart Thomas and Mark Criscitello, to discuss the challenges and opportunities around their new ETF wrappers.

Feb 24, 2020

The ETF “ANTs” go marching one by one: active non- and semi-transparent models

“If you’re a mutual fund warehouse, you’re trying to figure out how to grow your business without giving away your secret sauce.” ~Nichole M. Kramer*, Wall Street Journal, February 8, 2019

Jan 9, 2020

2020 predictions for asset management

Recently, SS&C’s Research, Analytics and Consulting wrote a piece for Ignites, where we outlined our 2020 predictions for the asset and wealth management industries.  The following is a more in-depth review of our 2020 predictions.

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